FDI getting back on track

09:27, August 18, 2010      

Email | Print | Subscribe | Comments | Forum 

The utilized foreign direct investment (FDI) in China continued to grow for the 12th consecutive month since August 2009 and is closing in on its pre-crisis level, according to a Ministry of Commerce report Tuesday.

  The newly approved foreign invested enterprises (FIEs) in July numbered 2,082 with utilized FDI of $6.92 billion, up 12.85 percent in number and 29.2 percent in terms of value year-on-year.

  The total number of approved FIEs in the first seven months was 14,459 with utilized FDI of $58.35 billion, increasing by 17.9 percent in number and 20.65 percent in value compared with the same period of last year.

  The 10 regions most active in investing in China include Singapore, Japan, the US and UK, accounting for nearly 90 percent of all utilized FDI in the first seven months.

  Foreign companies are still highly interested in China, said Dirk Moens, secretary general of the European Chamber of Commerce in China (EUCCC).

  According to the EUCCC's survey of over 500 European companies in China between March and April, "practically all members think China is extremely attractive, and they list China as number one or at least top three destinations for investment," Moens said.

  However, Moens said that different licensing, certifications, standards and lack of clarity on regulations might stop foreign investors from coming to China.

  He said that one of EUCCC's members that specializes in flight reservation systems was unable to enter the market because of a lack of clear regulations.

  "Nobody could tell them what to do to get the license," he said.

  According to the chamber of commerce's survey, one of the major concerns is China's policies encouraging domestic research and development (R&D).

  The R&D activities include hi-tech related chemicals and automobile industries.

  "The Chinesegovernment is reassuring us that foreign companies are treated equally, which is encouraging, but that needs monitoring to be put into practice," Moens said.

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion